goatmeal on Nostr: if nothing in the bitcoin protocol changes, in the future only ultra wealthy computer ...
if nothing in the bitcoin protocol changes, in the future only ultra wealthy computer nerds and banks will be able to own any coins and almost nobody will have control over their own funds. scaling will be done via custodians only. custodians will print more IOUs than they are supposed to and the peg will break. and there's not much time left to find consensus on any change. I don't think it will happen.
Published at
2024-11-20 21:00:11Event JSON
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"content": "if nothing in the bitcoin protocol changes, in the future only ultra wealthy computer nerds and banks will be able to own any coins and almost nobody will have control over their own funds. scaling will be done via custodians only. custodians will print more IOUs than they are supposed to and the peg will break. and there's not much time left to find consensus on any change. I don't think it will happen.",
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